What Caused $OP 's 20%+ Shock Drop?

OP is currently trading in the $0.14–$0.15 range and has seen a sharp sell-off of 20–24% over the past 24 hours. This movement cannot be explained by “the general market falling”; there is news specific to OP.

What happened?

Coinbase's Base network “split off” from the OP Stack and went its own way with a unified tech stack. Base was one of the biggest pieces of the Superchain side. The market priced this as a blow to the revenue model + Superchain narrative.

$0.14 is a critical threshold. If it can't hold, the $0.12 region comes into play.

For a rebound, the $0.16–$0.18 band must be reclaimed.

Additional note: Around February 28, 31M OP unlock could increase pressure.

Do you think this selling news will end the price action, or will the pressure persist until the unlock?